618 W Interlake BlvdLake PlacidFL33852
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Lake Placid at 618 W Interlake Blvd, Lake Placid, FL, 33852 listed at $299,900 pairs $3,492/mo rent with a $1,468/mo payment to leave $1,502/mo cash flow. Total monthly income runs $3,492/mo, and annual cash flow reaches $18,020/yr on $99,417 cash to close. Return on cash invested measures 38.03% in year one, and rental yield registers 13.97% at a $299,900 basis. Equity gained on principal adds $1,935/yr, and annual property appreciation at 5% supports $82,857 by year five. Five-year ROI tracks 200.64% and total cumulative return in cash totals $199,468. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,492/mo property income relative to a $1,468/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1926
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33852, Lake Placid, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,836 (100%) |
| Owner Occupied HU | 8,147 (58.9%) |
| Renter Occupied HU | 1,867 (13.5%) |
| Vacant Housing Units | 3,822 (27.6%) |
| Median Home Value | $257,946 |
| Average Home Value | $293,604 |
Housing Distribution
Address Breakdown
Residential
12,137
Single Family
11,465
Multi-Family
672
Businesses
523
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Listed by: Jeanny Campbell • RE/MAX REALTY PLUS
Mls Name: HFMLS
Mls ID: #310213